Q: I’m worried that my idea might be stolen if I tell people or investors about it, how do I protect it?
A: Investors are too busy investing to steal an idea. Tell people your idea only if they can really contribute to the idea’s merit. You’re looking for CONFIDENCE in the idea from other respected people. However, don’t underestimate the value of a little caution. . It will only cost you a $100 to file a provisional patent and it’s well worth it. It will be helpful if you diagram (even by hand) the process and product/service you are envisioning, describe the problem you are solving, the unique features to your idea that solve that problem, copy all your notes and drawings, etc. Consider what other benefits COULD be gained by your invention and write them down. Visit USPTO to learn more about the process of protecting your ideas.
All the official patent office steps are described in the link above. Submit all your stuff. It’s only going into a black hole in Washington. Nobody will ever see it unless you file a real patent later. It’s really easy – so don’t wait. It buys you a year until you need to file a formal patent application and by that time, you better have moved the marble forward or you should not spend the money. Remember, an idea without speed is hard to cash. So get going and God Speed! – M